1017 S Burlington Ave | Los Angeles, CA

1017 S Burlington Ave is an 8-unit apartment building in Pico-Union, Los Angeles, offering value-add potential in a central location near downtown. Built in 1903, the property features a mix of 1-bed, studios, and light bachelor units, with a current cap rate of 3% and market upside to 6.87%. With a purchase price of $999,999, it presents investors an opportunity for rental growth and strong long-term returns.